diff --git a/Makefile b/Makefile
index 7ad829998c..daa2075f4f 100644
--- a/Makefile
+++ b/Makefile
@@ -301,6 +301,24 @@ disable-mptcp:
 
 .PHONY: disable-mptcp
 
+CONFIG_FILE ?= ${HOME}/.celestia-app/config/config.toml
+SEND_RECV_RATE ?= 10485760  # 10 MiB
+
+configure-v3:
+	@echo "Using config file at: $(CONFIG_FILE)"; \
+	if [[ "$$(uname)" == "Darwin" ]]; then \
+		sed -i '' "s/^recv_rate = .*/recv_rate = $(SEND_RECV_RATE)/" $(CONFIG_FILE); \
+		sed -i '' "s/^send_rate = .*/send_rate = $(SEND_RECV_RATE)/" $(CONFIG_FILE); \
+		sed -i '' "s/ttl-num-blocks = 5/ttl-num-blocks = 12/" $(CONFIG_FILE); \
+	else \
+		sed -i "s/^recv_rate = .*/recv_rate = $(SEND_RECV_RATE)/" $(CONFIG_FILE); \
+		sed -i "s/^send_rate = .*/send_rate = $(SEND_RECV_RATE)/" $(CONFIG_FILE); \
+		sed -i "s/ttl-num-blocks = 5/ttl-num-blocks = 12/" $(CONFIG_FILE); \
+	fi
+
+.PHONY: configure-v3
+
+
 ## debug-version: Print the git tag and version.
 debug-version:
 	@echo "GIT_TAG: $(GIT_TAG)"
diff --git a/app/default_overrides.go b/app/default_overrides.go
index 9e0b5dd382..39a5189188 100644
--- a/app/default_overrides.go
+++ b/app/default_overrides.go
@@ -274,6 +274,10 @@ func DefaultConsensusConfig() *tmcfg.Config {
 	cfg.TxIndex.Indexer = "null"
 	cfg.Storage.DiscardABCIResponses = true
 
+	const mebibyte = 1048576
+	cfg.P2P.SendRate = 10 * mebibyte
+	cfg.P2P.RecvRate = 10 * mebibyte
+
 	return cfg
 }
 
diff --git a/docs/release-notes/release-notes.md b/docs/release-notes/release-notes.md
index 49f46b68d4..48e72f45ee 100644
--- a/docs/release-notes/release-notes.md
+++ b/docs/release-notes/release-notes.md
@@ -6,13 +6,39 @@ This guide provides notes for major version releases. These notes may be helpful
 
 ### Node Operators (v3.0.0)
 
-- Consensus node operators must enable the BBR (Bottleneck Bandwidth and Round-trip propagation time) congestion control algorithm. See [#3774](https://github.com/celestiaorg/celestia-app/pull/3774).
-  - if using linux in docker, kubernetes, a vm or baremetal, this can be done by calling the `make enable-bbr` command on the host machine.
-- Consensus node operators should manually configure their node's mempool `ttl-num-blocks = 12` in config.toml. An example command to do this:
+#### Enabling BBR and MCTCP
 
-  ```bash
-  sed -i 's/ttl-num-blocks = 5/ttl-num-blocks = 12/' ~/.celestia-app/config/config.toml
-  ```
+Consensus node operators must enable the BBR (Bottleneck Bandwidth and Round-trip propagation time) congestion control algorithm. See [#3774](https://github.com/celestiaorg/celestia-app/pull/3774).
+if using linux in docker, kubernetes, a vm or baremetal, this can be done by calling 
+
+```sh
+make enable-bbr 
+```
+
+command on the host machine.
+
+#### Configure Node for V3
+
+Consensus node operators should update several configurations for v3. This can be done by calling:
+
+```sh
+make configure-v3
+```
+
+If the config file is not in the default spot, it can be provided using:
+
+```sh
+make configure-v3 CONFIG_FILE=path/to/other/config.toml
+```
+
+**Alternatively**, the configurations can be changed manually. This involves updating the mempool TTLs and the send and the receive rates.
+
+- Configuring Bandwidth Settings
+  - update `recv_rate` and `send_rate` in your TOML config file to 10MiB (10485760).
+- Extend TTLs
+  - update `ttl-num-blocks` in your TOML config file to 12.
+
+#### Signaling Upgrades
 
 - Upgrades now use the `x/signal` module to coordinate the network to an upgrade height.